Automotive Motors Market Analysis | CMI

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AUTOMOTIVE MOTORS MARKET ANALYSIS

• Automotive Motors Market By Product Type (Direct
  Current Brushed Motors, Direct Current Brushless
  Motors, and Stepper Motors), by Application
  (Performance Motors, Comfort Motors, and Safety
  Motors), by Vehicle Type (Passenger Cars,
  Two/Three Wheelers, and Commercial Vehicles), by
  Commercial Vehicles (Light Commercial Vehicles
  and Heavy Commercial vehicles), by Electric
  Vehicle Type ( Plug-in Hybrid Electric Vehicle,
  Hybrid Electric Vehicle, and Battery Electric
  Vehicle) and by Region (North America, Europe,
  Asia Pacific, Latin America, Middle East, and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis 2019 2027
• Motors are an integral part of vehicle components
  such as seat cooling fans, engine cooling fans,
  power steering motors, battery cooling fans, and
  power window motors.

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Market Drivers

• Growing consumer inclination towards such
  advanced features in vehicles, is creating a
  conducive environment for growth of the
  automotive motor market. Moreover, increasing
  sales volume of vehicles is expected to augment
  the market growth. According to Organisation
  Internationale des Constructeurs d'Automobiles,
  in 2018, the production of passenger cars was
  around 75 of the total vehicle production
  worldwide.
• Furthermore, growing adoption of electric
  vehicles is expected to drive growth of the
  Automotive Motor Market. In emerging economics
  such as India and China, electric vehicles are
  steadily becoming popular as an alternative to
  conventional gasoline-powered vehicles, owing to
  the formers fuel-efficient and low- carbon
  emission properties. The performance of an
  electric car depends majorly on its motors and
  battery. Presently, brushed DC motor, brushless
  DC motor, AC induction motor, permanent magnet
  synchronous motor (PMSM), and switched reluctance
  motor (SRM) are the types of motors used for
  electric vehicles. These motors convert electric
  energy into mechanical energy (or vice versa) for
  propulsion of the vehicle, to enable regenerative
  braking or for charging batteries.

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• Furthermore, increasing demand for electric
  vehicles globally is expected to positively
  affect the automotive motor market growth over
  the forecast period. For instance, in 2013, the
  government of India launched National Electric
  Mobility Mission Plan 2020 through which, the
  government plans to introduce 5-6 million
  electric and hybrid electric vehicles in the
  country by 2020.

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Segment Information

• DC brushed motors segment held the dominant
  position in the global automotive motors market
  in 2016
• A DC brushed motor is an internally commutated
  electric motor, which provides a link between
  external supply circuit and armature of the
  motor. It is designed to run from a direct
  current power source. The brushes of these motors
  are made of materials such as carbon, copper,
  carbon graphite, and metal graphite. Furthermore,
  the DC brushed motor is expected to hold dominant
  position in the global automotive motor market,
  as DC brushed motors have the ability to achieve
  high torque at low speed, which makes these
  motors suitable for various applications in
  vehicles. Systems such as windshield wipers,
  power windows, washers, and cooling fans depend
  on DC brushed motors.

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• Passenger cars segment held the dominant position
  in the global automotive motors market in 2018
• Among vehicle types, passenger cars segment held
  the dominant position in 2018, and is projected
  to retain its dominance throughout the forecast
  period. For instance, according to the
  International Organization of Motor Vehicle
  Manufacturers, in 2018 the production of
  passenger cars in India increased from 3,229,109
  in 2017 to 3,394,756 Hence, increasing sales
  units are expected to result in growing demand
  for automotive motors, globally.

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Figure 1. Global Automotive Motor Market Share
(), by Product Type (2027)
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Market Opportunities

• According to Coherent Market Insights, Asia
  Pacific is projected to retain its dominance
  throughout the forecast period. This is
  attributed to Asia Pacific emerging as a major
  automotive hub, owing to presence of growth
  engines such as India, China, and Japan in the
  region. For instance, according to the
  Organization Internationale des Constructeurs
  d'Automobiles (OICA), in 2018, Asia Pacific held
  around 54 share of the total number of vehicles
  produced globally. It also stated that in 2018,
  China held around 60 share of the total Asia
  Pacific Passenger cars sales, and 29.5 of the
  global automotive sales. Hence, China was the
  largest market in the region in 2018. Rising
  consumer preference for start-stop systems,
  anti-lock braking systems (ABS), and other such
  technologies has accelerated growth of the
  automotive motors market in Asia Pacific.

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• Moreover, various government regulations
  regarding vehicular safety have been implemented
  across the world. According to Bharat New Vehicle
  Safety Assessment Program (India) 2017, critical
  safety features such as airbags, ABS, and seat
  belt reminders are mandatory for OEMs. Such
  regulatory guidelines are aimed at integrating
  advanced safety systems such as ABS and airbags
  in automobiles, which, in turn, is fueling the
  market growth.

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Figure 2. Global Automotive Motor Market Share
(), by Region (2017 2027)
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Key Players

• Major players operating in the global automotive
  motor market are Siemens AG, Robert Bosch GmbH,
  Continental AG, Denso Corporation, Magna
  International, Mitsubishi Electric Corporation,
  Valeo S.A., Mahle Group, Nidec Corporation, and
  Borgwarner Inc.

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